Rising input costs, including changing imported coal prices and crude, and expectations of rising demand saw cement producers hike prices in April by ₹45-50 per bag, a 12 per cent month-on-month hike. Region wise, in the North Indian markets the rise was over ₹50/bag (14% m-o-m) at ₹431/bag. The south Indian markets saw an 8–10%…
Tin prices fallen below $40,000 a tonne on Monday on concerns due to poor spot demand and inventories rising on the London Metal Exchange (LME) and Shanghai Futures Exchange (ShFE). Since March 8 when it moved to a record $49,500 a tonne, The metal which is used mainly as soldering material in electrical and electronic…
The dollar was down on Tuesday morning in Asian markets but was near to its two-year high against the euro and an 18-month high against the pound. Concerns about the economic effect of China’s COVID-19 lockdowns and the aggressive pace of U.S. interest rate hikes gave the safe-haven dollar a raise. The U.S. Dollar Index that…
Telecom operators are probably to soon announce another set of tariff hikes as they look to upgrade their Average Revenue Per User (ARPU) by picking out low-paying, inactive subscribers. The initial concern regarding hiking tariffs seem to have gone as despite the hikes undertaken in December 2021, the active subscriber base of the industry has…
Arun Misra, CEO of Hindustan Zinc, Stating that Zinc prices are expected to stay “strong” and are not likely to come down very soon. One of the largest zinc–lead producers, said that there could, however, be some “fluctuations here and there”. In FY22, LME prices of zinc and lead were up 36.5% and 15.7% respectively….
Gold prices are down on April 25 in the global markets near to their lowest level in two weeks touched in the previous session as an elevated US dollar continued to pressure demand for greenback-priced bullion. On the Multi-Commodity Exchange (MCX), Gold contracts were down 0.36%, trading at Rs 52,073 for 10 grams, Silver also down…
Wheat procurement this season as Punjab, Haryana and Uttar Pradesh recorded more procurement than arrivals at the procurement places of various Agricultural Produce Marketing Committee (APMC) mandis. The total procurement of wheat as of April 21 was 11.9 million tonnes (mt) against 17.09 mt in the year ago period, even with the fact that the…
The Indian equity benchmark indices are down nearly 2 percent in a highly volatile week ended April 22. The mixed earnings by corporates, rising bond yields, Russia-Ukraine crisis, high inflation and expectation of aggressive rate hike by the U.S. Fed in May dampened the investor’s view. For the week, Nifty50 fallen 303.65 points (1.73%) to end…
Consumers should stay themselves for difficult times ahead, as Indonesia- India’s major source of palm oil imports banned exports of all edible oil raw materials on Friday to ease domestic insufficiency. India imports as much as half of its demand of 8.3 mt palm oil from Indonesia. This is expected to shoot up prices in…
Non-basmati rice exports increased 27 per cent to touch $6.115 billion in the Financial year 2021-22, while it was $4.799 billion in last year. Since 2014, non-basmati rice exports have increased by 109 per cent. India exported rice to over 150 countries in Financial Year 2021-22, said, Directorate General of Commercial Intelligence and Statistics (DGCIS)….
